Spot pellet premiums turnedweaker this week, as Chinese steelmakersexhibited little interest in premium feedstockmaterial given ongoing weak steel prices.Platts assessed the spot blast furnacepellet premium Wednesday at $12.25/dry mtCFR North China over the 62% Fe Iron Ore Index(IODEX) assessments, and after adjustment to65% Fe basis, down $1.25/dmt week on week.The assessed pellet premium was normalizedto typical specifications of 65% iron, 0.35%alumina, 5% silica, 0.02% phosphorus and0.003% sulfur.
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